Strong headwinds prevent the global economy from recovering
✔️ USD – Fed hikes by 25 basis points, but is that enough?
✔️ GBP – BoE prepares for another rate hike.
✔️ JPY – BoJ stresses that Asian Banks are sound and resilient
✔️ EUR – ECB Hikes by 25-basis points, hints that more hikes are on the table.
✔️ AUD – AUD suprises the markets by increasing interest rates by 25 basis points.
✔️ CAD – BoC hints that the bank is willing to increase interest rates if inflation persists.